Medtronic to Buy Covidien for $42.9B, Rebase to Ireland to Reduce Tax Burden

Medtronic To Buy Smaller Rival Covidien In $43 Bln Deal (via http://361db.com)

Medical device maker Medtronic, Inc. (MDT: Quote) agreed late Sunday to acquire smaller rival Covidien plc (COV: Quote) in a cash and stock deal valued at about $42.9 billion. The deal will help Medtronic shift base to Ireland and save it from paying…